Answer:
a. A large potential market exists, even at a high price.
Explanation:
Penetration pricing is often used to support the launch of a new product, and works best when a product <u>enters a market </u>with relatively little product differentiation and where demand is price elastic –<u> so a lower price than rival products is a competitive weapon.</u>
Therefore the conditions that would argue for using a penetration pricing strategy when introducing this new camera, is when a large <u>potential market exists, even at a high price</u>.<u>so that using a lower price will attract customers to the new product and part of the potential market will be gained.</u>
Answer:
d. a deduction from sales in the income statement.
Explanation:
Sales discount: The discount which is given at the time of sale.
The treatment of sales discount is shown below:
Net sales = Sales revenue - sales discount - sales return and allowances
The sales discount is always deducted from the sales revenue to get the net sales amount , and this treatment is shown on the credit side of the income statement. As the income is received so sales account should be credited.
Hence, all other options are incorrect except d. option
Answer:
The correct answer is letter "B": Program.
Explanation:
A program collects the sets of ideas, projects, and plans companies come up with to pursue and accomplish their objectives. Programs tend to be reviewed periodically to verify if the progress of the goals is made according to what is expected or if there are delays to be adjusted.